The data met expectations but the previous reading was revised upward, inflation is falling slower than anticipated, so don't rush into risk assets just yet.

U.S. May core PCE price index year-over-year rate 3.4%, expected 3.40%, prior 3.30%. U.S. Q1 core PCE price index annualized quarter-over-quarter final rate 4.4%, expected 4.40%, prior 4.40%. U.S. May core PCE price index month-over-month rate 0.3%, expected 0.30%, prior revised from 0.20% to 0.3%.